CAL flies into a storm

CAL flies into a storm
Caribbean Airlines planes at the hangar in Piarco International Airport. - FILE PHOTO/ROGER JACOB
In the face of the staggering losses faced by Caribbean Airlines over the last 18 months, the government, as majority shareholder in the airline, must press for a realistic strategic plan over the coming months.
Clearly adjustments had to be made. The business has largely been grounded during the pandemic, unable to do much beyond sporadic repatriation flights and some cargo business, which is at best, a sideline for the company.
The result was a loss of US$103 million in 2020 and $172 million in losses for the first quarter of 2021.

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